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55 Leland Lane

55 Leland Lane, Southampton, NY 11968
Property in Southampton
Sold Oct 02, 2017
$2,725,000
$1,750,000 by Jp Morgan Chase Bank
Mortgage Due Jan 01, 2046
Sold Aug 28, 2012
$2,130,000
$1,597,500 by Mers
Mortgage
Local assessors in Southampton, NY have categorized 55 Leland Lane as a residential type of property. The home was built in 2016 and is 8 years old. The property's lot size has been calculated to be 25,265 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 5 full bathrooms. There are also 5 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 55 Leland Lane has a total of 3,544 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 400 sqft. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is excellent. The home has been utilizing gas for fuel. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 55 Leland Lane sold most recently in Sep 7, 2017 for a total of $2,725,000. If you work out the math, that's approximately a cost of $768.91 per sqft. Before that, the property was also sold for $2,130,000 in Aug 17, 2012. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $14,613 in taxes each year. 55 Leland Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,686,200. If we break it down further, the land itself was valued at $1,454,100. Improvements to the property, however, were assessed at a total of $1,232,100. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: Excellent
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 1,608
  • Garage Type: Garage
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 25,265
  • Total Building Area: 3,544
  • Building Area: 3,544
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,544
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LELAND LAND LLC
  • Land Acres: 0.58
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BLK LOT 3

Ownership

  • Current Owner : SEHGAL KARAN
  • Current Owner 2: SEHGAL PRIYA D
  • Previous Owner : BREITNER CAMERON
  • Previous Owner 2: BREITNER ELIZABETH
  • Owner Before Previous Owner: 55 LELAND LANE LLC

Neighborhood

  • School District Name: Southampton Union Free School District
  • School Tax School District: SOUTHHAMPTON
  • Census Tract: 190801

Zoning

  • Zoning: VILLA

Geography

  • Assessors Map Reference: MAP 10798
  • District: 0904-0
  • Section: 7.00
  • Parcel: 0904-007.00-06.00-011.004
  • Block: 6
  • Lot: 11.004
  • Municipality: SOUTHAMPTON
  • Latitude: 40.8905
  • Longitude: -72.38

    Address

  • Full Address: 55 Leland Ln
  • Address - House Number: 55
  • Address - Street Name: Leland
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Southampton
  • Carrier Code: C010
  • 4-Digit Zip Code: 5037
  • Zip Code: 11968

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,613
  • Tax Rate Code Area: 473606

    Appraisal Valuation

  • Standard Deviation: 0.247
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 65
  • Final Value: 2,925,250
  • High Value: 3,647,960
  • Low Value: 2,202,540

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,807,607
  • First Open Lien Mortgage Lender: JP MORGAN CHASE BANK
  • First Open Lien Mortgage Recording Date: Oct 02, 2017
  • First Open Lien Mortgage Loan Amount: $1,750,000
  • First Open Lien Mortgage Term: 338
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2046
  • Second Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • Second Open Lien Mortgage Recording Date: Oct 08, 2020
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $57,607
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Interest Rate Type: Y
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Second Open Lien Mortgage Loan Due Date: Nov 01, 2050

    Market Valuation

  • Market Total Value: $4,070,000
  • Market Land Value: $2,203,182
  • Market Improvement Value: $1,866,818

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,686,200
  • Assessed Land Value: $1,454,100
  • Assessed Improvements Value: $1,232,100

    Sales

  • Current Sale Contract Date: Sep 07, 2017
  • Current Sale Recording Date: Oct 02, 2017
  • Current Sale Transaction ID: 1397658679
  • Current Sale Price: $2,725,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Previous Sale Recording Date: Aug 28, 2012
  • Previous Sale Contract Date: Aug 17, 2012
  • Previous Sale Amount: $2,130,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: JP MORGAN CHASE BANK
  • First Mortgage Transaction Date: Oct 02, 2017
  • First Mortgage Loan Amount: $1,750,000
  • First Mortgage Terms: 338
  • First Mortgage Loan Type: Unknown (DEFAULT)
  • First Mortgage Loan Due Date: Jan 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: MERS
  • Previous Mortgage Transaction Date: Aug 28, 2012
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,597,500
  • Previous Mortgage Loan Type: Unknown (DEFAULT)

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 55 Leland Lane located in?
The 55 Leland Lane is a located in the neighborhood of Southampton in Southampton, Southampton.
What is the average sales price for listings in 55 Leland Lane?
The average sales price for units in 55 Leland Lane is $0 currently.

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